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May / June 2008 |
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Section 179 Expensing Ed Archambo (CEO) In general, a qualifying taxpayer can elect to treat the cost of certain property as an expense and deduct it in the year the property is placed in service, instead of depreciating it over several years. This property is frequently referred to as section 179 property, after the relevant section in the Internal Revenue Code. Under the new law, a qualifying business can expense up to $250,000 of section 179 property purchased by the taxpayer in a tax year beginning in 2008. Absent this legislation, the 2008 expensing limit for section 179 property would have been $128,000. The $250,000 amount provided under the new law is reduced if the cost of all section 179 property placed in service by the taxpayer during the tax year exceeds $800,000. The new law does not alter the section 179 limitation imposed on sport utility vehicles, which have an expense limit of $25,000.
New Employee Hello, my name is Ryan Lynch and I am originally from New Boston, Texas – just a few miles down the road from Basic Software Systems. I recently returned from University of Texas at Tyler after 2 ½ years where I majored in Computer Science. Before that, I attended Texarkana College and graduated with an Associate’s Degree in Mathematics. I’m a racer at heart, having raced go-karts competitively for the last thirteen years and local dirt track cars for the last two years. I started at Basic Software Systems in May 2008, looking to start a career that was both challenging and rewarding. I am currently still learning the complete system functionality, but I am already impressed by how much effort has been put into the software. I believe that I can help the team here continue to build the in-depth and advanced software that I have seen in my short time and am anxious to learn all the things they can teach me. I look forward to meeting all of our clients, and am dedicated to helping create the software they use and make sure that it is the best it can be.
“satisfYd” Interface Julie Pruitt (Marketing Director)
Perhaps you remember a survey that I sent out to you in February of this year asking for your feedback on introducing a Customer Service interface from Strategic Feedback, Inc. (www.strategicfeedback.com).
You may have begun to read the 3-part series in NAEDA Equipment Dealer magazine, examining the experiences of two NAEDA-affiliated dealers who are currently using the survey program from Strategic Feedback, Inc.
We are pleased to announce our new affiliation with Strategic Feedback, Inc. Our Developers are diligently programming features within our business management software that allows you, our customer, to use the satisfYd interface. Better yet, we are offering this interface to all of our customers at no extra charge. As long as you currently utilize the Accounts Receivable module from Basic Software Systems, you will have full access to this new customer service interface. We are about to begin our beta testing for this product, so let us know if you would be interested in receiving this featured interface by emailing me at jpruitt@basic-software.com and I will take care of this for you. If you do not have the Accounts Receivable module and would like to purchase it in order to utilize the satisfYd interface, contact our sales team at (800) 252-4476 or email them at sales@basic-software.com.
To find out what you need to do to also become affiliated with Strategic Feedback, Inc. go to www.satisfyd.com or contact Leigh Condon at 630-276-7922 or Mary Szabo at 800-562-9557.
799 North Kings Hwy support@basic-software.com |
DARE to COMPARE Julie Pruitt (Marketing Director)
However, when it comes to shopping for a new car or home, this type of shopping habit may change for some. Most people do try and find the best deal when it comes to a large investment.
I’m sure most of you receive numerous emails from me throughout each month that are full of information regarding additional software that will increase the productivity within your business system or emails about POS hardware that will make your Parts Department flip in excitement with the “toys” we have available for them to help with daily processing. We want you to be reminded that your business system provider is constantly working to make your products top of the line and the best available in comparison to the competitors knocking on your door. When confronted with a situation where you may be comparing Basic Software Systems with other vendors in the industry, we “DARE YOU TO COMPARE” all the qualities, products, services, customer testimonials, staff friendliness, reputability, and reliability that there is to compare. You will find that there is no comparison. You are with the best of the best.
Later on in this newsletter, we will introduce to you some customers that have been with us for over 20 years and still going strong. Take the challenge – we “dare” you!
Sometimes when you take the time to really compare products and services, it will help you make a clear and decisive choice when choosing the right Business System Software vendor for your Company. Basic Software Systems is quickly approaching our 30th year of service. The reason we have remained in business with such great success is our excellent products, delicate care, and personal concern for each and every customer. We make it a point to call you by your name and listen when you have ideas about new features you would like to see in the software. We have a product that excels in the industry today because we have created a product that is driven by the needs and requests of our customers. Your ideas have helped our solutions become well-rounded and multi-faceted to meet needs across a diverse group of industries. We honor and respect our customers and treat them as our friends. We want to do our best for them so they can serve their own customers with pride and excellence. “Our hats are off to you Basic Software Customers….You are the BEST”!! Remember when you recommend Basic Software Systems to another dealer and they purchase our products - “YOU WIN” every time. That’s right - you will receive free services for your recommendation. Don’t miss out on that! Chanse McGuire & Mike Dukes (Business System Consultants)
Therefore,
if you are ever looking to compare business system vendors, we dare you to
look no further.
20 Year Customer Appreciation Without our customers, we would not be as successful as we have become over the past 29 years. We are sincerely grateful to each and every customer that has given us the opportunity to service them and meet their business needs. We want to acknowledge some “long-timers” that we have been fortunate to become friends with and long-time partnerships with over the past two decades. WOW! Now, that’s what we call SUCCESSFUL RELATIONSHIP BUILDING. We look forward to adding more names to this list over the years to come.
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Training Update Our off-site training
classes have been remarkable. The attendance has been steady and the
knowledge comprehension has been very productive. “The opportunity to attend hands-on classroom training was great. Prior to the training, I was not aware of the full expansiveness of the software and the different areas it can be useful (i.e. marketing, trend analysis, etc). It was great to have the opportunity to speak to other dealerships and share ideas with them during training.” Calgary Tractorland, AB Canada
This is just one of many testimonials that we have received after off-site training sessions. We encourage each of our customers to sign up and attend these hands-on classroom sessions at our training facility in Plano, TX if you haven’t already. Our software is continually changing and our refresher courses come in handy throughout the year.
For dealers that are
unable to travel to our training facility, we have made it possible for you
to receive beneficial training LIVE online. Our Web classes consist of one
hour sessions periodically throughout the week, allowing you just enough time
to gain understanding of specific areas without taking you away from your
daily responsibilities at work too long. “The online training
program is an excellent method of training. The instructor is very
knowledgeable and presents the training in a logical manner. She is very
capable and willing to provide answers to company specific requirements.”
If you are interested in attending our Web training classes, click here to review the weekly itinerary and instructions on how to sign up.
Support Tip
-Check for updated price books on a regular basis. -If you have to figure cost on your price book, this must be done before applying the price book to inventory. -Make sure everyone is out of the system when applying the price book to inventory. -If downloading price books during regular business hours, make sure you remove the Manufacturer’s price code. This will allow others to work while completing the download. -If you get an error when downloading the price book, try to download the price book again. For additional questions, email our support team at support@basic-software.com
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